The announcement was made Wednesday on NBC's "Today" show, where longtime host Matt Lauer was recently fired amid harassment allegations. In the end, however, it was women who made a firm stance against sexual harassment and assault won it.
The magazine nominated North Korean leader Kim Jong Un, whom Trump has nicknamed "Little Rocket Man" and who has overseen ballistic missile tests that have raised fears of a nuclear confrontation.
The list was unveiled in no particular order, kicking off with Bezos, who has vastly expanded the reach of his company Amazon over the past year on his way to becoming the richest man in the world, and the first to have a net worth of over $100 million.
A third Asian leader and the sole finalist from the Middle East was also among the 10, with Crown Prince Mohammad bin Salman of Saudi Arabia finding himself in the running after he launched a far-reaching crackdown on government corruption and spending that targeted many members of his own family.
The Dreamers - A group of undocumented immigrants brought to the U.S.by their parents when they were children.
Xi Jinping - The President of China was confirmed in his second five-year term.
Trump claimed last month that the magazine told him he was the likely victor for the second consecutive year, which Time later disputed. His grip on power was solidified last October when the Communist Party voted to include his ideas in the party constitution.
TIME magazine's Person of the Year is always a highly anticipated honor, but after the past year of unprecedented upheaval, the honor is going to the group of women breaking the silence. Time called him the "President of the Divided States of America".